Legal Niches

Analyst Pegs U.S. Used Games Business at Nearly $2B

By pete_gallagher

The Street is running a three part series on the popularity of second-hand goods in a down economy and, in the second part of the series, which focuses on the used videogames market, Wedbush analyst Ed Woo pegged 2009's used videogame market at 'close to $2 billion.'

Woo said that figure represented 10 percent growth and added that he expects the sector to grow again in 2010. The article further claims that GameStop, which does not break out used videogame sales in its financial results, 'bases nearly 80% of its bricks-and-mortar business on trade-ins.'
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Full post as published by GamePolitics.com on October 15, 2010 (boomark / email).